27 Dec 2018 09:30
For immediate release 27 December 2018
Global Ports Investments PLC
ULCT delivers inaugural shipment of coal-handling services
Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries and joint ventures, the "Group"; LSE ticker: GLPR) today announces that as a part of its strategy to focus on developing additional revenue streams and optimizing its existing terminal infrastructure, the Group has conducted its first coal-handling shipment at Ust-Luga Container Terminal (ULCT).
ULCT has excellent rail connectivity and the capability to support up to 1.0 million tonnes of coal shipments per year. The first coal deliveries began arriving at ULCT in November 2018, with the inaugural shipment completed on 27 December this year. The container handling capacity of the terminal remains unchanged at 440 thousand TEU per annum[1].
Global Ports has detailed plans in place to manage the environmental and Health & Safety risks posed by the introduction of its coal-handling operations and has allocated a substantial part of the project's budget to achieve this. The Company is implementing robust measures to ensure that neither its container handling operations nor the wider environment will be impacted by coal dust. These measures include the installation of protection screens, air and water monitoring systems and coal dust suppression equipment.
ENQUIRIES
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Mikhail Grigoriev / Tatiana Khansuvarova
+357 25 313 475
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Email: ir@globalports.com
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E-mail: media@globalports.com
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E-mail: globalports@teneobluerubicon.com
NOTES TO EDITORS
Global Ports Investments PLC
Global Ports Investments PLC is the leading operator of container terminals in the Russian market by capacity and container throughput[2].
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[3] and Moby Dik[4] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[5] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park[6] located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal Vopak E.O.S.[7] in Estonia.
Global Ports' revenue for the six months period ended 30 June 2018 was USD 175.3 million[8] and Adjusted EBITDA was USD 108.7 million[9]. Consolidated Marine Container Throughput was 681 thousand TEU in the first six months of 2018[10].
Global Ports' major shareholders are Delo Group, one of the largest private transportation and logistics holding companies in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 74 ports and 117 inland services facilities, giving the company a global presence in 58 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts on the Main Market of the London Stock Exchange (LSE ticker: GLPR).
For more information please see: www.globalports.com
LEGAL DISCLAIMER
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "plan", "project", "believe", "target", "anticipate", "estimate", "intend", "will", "could," "may", "should" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.
[1] Company's estimates based on annual potential berth and yard throughput capacity. To maximise the efficiency of its operations, the Group may choose to flex headcount, working hours and used equipment at its terminals. As a result, current actual capacity may differ from the published numbers based on annual potential berth and yard throughput capacity.
[2] Management estimates based on the information published by the Association of Sea Commercial Ports ("ASOP"), www.morport.com and public sources.
[3] In which Eurogate currently has a 20% effective ownership interest.
[4] In which Container Finance currently has a 25% effective ownership interest.
[5] In each of which Container Finance currently has a 25% effective ownership interest.
[6] In which Container Finance currently has a 25% effective ownership interest.
[7] In which Royal Vopak currently has a 50% effective ownership interest.
[8] According to the Group's Interim Condensed Consolidated Financial Information (unaudited) for the six month period ended 30 June 2018.
[9] Management estimates based on the Group's Interim Condensed Consolidated Financial Information (unaudited) for the six month period ended 30 June 2018.
[10] According to the Group's operational results.